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NVDA erased $175 billion of market cap in 8 minutes.

Posted on 11/21/24 at 11:38 am
Posted by Norway
Member since Aug 2024
995 posts
Posted on 11/21/24 at 11:38 am
At 9:32 AM ET, the stock peaked at $152.89 before falling to $144.34 at 9:40 AM ET.

That's a -5.6% downswing in the world's largest public company in 8 minutes.

This post was edited on 11/21/24 at 11:49 am
Posted by LSUcam7
FL
Member since Sep 2016
8854 posts
Posted on 11/21/24 at 1:14 pm to
Now zoom out
Posted by Double Oh
Louisiana
Member since Sep 2008
23408 posts
Posted on 11/21/24 at 1:16 pm to
You do understand that stocks go up and down right?
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
24999 posts
Posted on 11/21/24 at 1:28 pm to
This really seems overly dramtic

Posted by DaBeerz
Member since Sep 2004
18304 posts
Posted on 11/21/24 at 1:35 pm to
It’s easy. Every time it slopes down he makes money shorting and every time it slopes up he makes money going long. We are just merely peasants holding on to our stocks and watching them grow
This post was edited on 11/21/24 at 1:36 pm
Posted by Norway
Member since Aug 2024
995 posts
Posted on 11/21/24 at 1:50 pm to
Relax people, I wasn't criticizing your God NVDA.

It's just wild that NVDA lost the equivalent of Boeing, Ford & Kraft Heinz combined in 8 minutes.
Posted by LSUcam7
FL
Member since Sep 2016
8854 posts
Posted on 11/21/24 at 2:06 pm to
quote:

It's just wild that NVDA lost the equivalent of


It is wild.

Also wild that it’s added more market cap in 3 years than most countries have.
Posted by Norway
Member since Aug 2024
995 posts
Posted on 11/21/24 at 2:19 pm to
quote:

Also wild that it’s added more market cap in 3 years than most countries have.


Which is a reason people should be cautious about the stock price.
The more expensive the stock gets, the more confident people feel about the price.
Kind of arse backwards, but whatever, it works until it doesn't
This post was edited on 11/21/24 at 2:22 pm
Posted by stout
Porte du Lafitte
Member since Sep 2006
179672 posts
Posted on 11/21/24 at 2:32 pm to
quote:

The more expensive the stock gets, the more confident people feel about the price.
Kind of arse backwards, but whatever, it works until it doesn't


Jesus...
Posted by cgrand
HAMMOND
Member since Oct 2009
46742 posts
Posted on 11/21/24 at 2:59 pm to
what?
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 11/21/24 at 7:23 pm to
fricking alter.
Posted by Norway
Member since Aug 2024
995 posts
Posted on 11/21/24 at 7:35 pm to
quote:

fricking alter.


Posting an interesting stat regarding NVDA's 8 minute plunge = F'ing alter.

Yeah, that makes sense
Posted by tigerfoot
Alexandria
Member since Sep 2006
60729 posts
Posted on 11/21/24 at 7:35 pm to
I bought 20 more today.

Earnings still through the roof with a pipeline a long ways out. They aren’t going anywhere for a while. The new sentiment seems to be a 180 target
Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2936 posts
Posted on 11/21/24 at 7:41 pm to
Oh no, they went out and burned down 8% of the company with a flame thrower! On days where the stock jumps 8%, did they go out and instantly build 290M worth of tangible value in a day?

Do you not know anything about real stock prices.

At any given time, most stock values are 40% real value, 40% potential value and 20% emotion.

Their P/E is 57.74. That is where the price comes from.
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 11/21/24 at 8:29 pm to
quote:

Posting an interesting stat regarding NVDA's 8 minute plunge = F'ing alter. Yeah, that makes sense


Your entire post history makes you an alter.
Posted by KWL85
Member since Mar 2023
3194 posts
Posted on 11/22/24 at 8:15 am to
You again?
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
24999 posts
Posted on 11/22/24 at 8:56 am to
quote:

You again?


He has moved over to the SECRant now, to explain how the SEC are cheaters
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93827 posts
Posted on 11/22/24 at 10:45 am to
quote:

You do understand that stocks go up and down right?


There are a few certain posters on here that laughef at me when I said this about DJT stock


How hilarious
Posted by KamaCausey_LSU
Member since Apr 2013
17167 posts
Posted on 11/22/24 at 10:46 am to
BRB going to go sell some puts.
Posted by Norway
Member since Aug 2024
995 posts
Posted on 11/27/24 at 8:54 am to
$133.59 now.

NVDA is in a death spiral while the indexes are going straight up
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